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CBS
Nov 28, 2012 7:00am PST
republicans to put higher tax revenue from the wealthy on the table, democrats are scoffing. he they talked happy talk about are skofg.t we only have a auple of weeks to get something ouple of we have to get away from the happy talk and start talking aout specific things. dent obama hasbama has no new witht talks scheduled with congressional leaders but will cong phila suburban philadelphia aiday to press for an immediate bushto extend bush era tax cuts for m ers.blicans call that agningless electioneering. >> we congratulate him on his re-election. we don't know if he has enough todership qualities to push democrats. >> cost savings to health care aregrams like medicare and medicaid. everyry dollar that's ever been secured for anything is sacred. to they'll defend it to the wath, regardless of what it means for jobs or the economy. > a tough white house ally, nglinois senator dick durbin argued against using fiscal cliff pressures to scale back paidare and medicaid benefits. >> these are people that have paid in over a lifetime into protectecurity and medicare and fully expect the protecti
KOFY
Nov 25, 2012 9:00pm PST
. and republicans could back away from oath they made on raising taxes, colin kaepernick made the start today. >> after a wonderful weekend, mild temperatures, the storm door opens by mid-week and we're talking a series of storms with wind and rain what are you doing there? i am making crescent bacon cheddar pinwheels. wow, i'm impressed! [ ding ] dad, the cable's out! you got that right? [ kiss ] thank you ♪ [ male announcer ] pillsbury crescents. let the making begin. here's a better idea. pillsbury grands! flaky layers biscuits in just 15 minutes the light delicate layers add a layer of warmth to your next dinner. pillsbury grands biscuits let the making begin. >> ama: republicans are considering raising taxes to reserve is the fiscal cliff. it's a big change for those who swore an oath they would never raise taxes. david curly tells us why they are working on the change. >> with some of the holiday shopping done, president obama may be getting a gift from some republicans. republicans who signed a pledge never to raise taxes. this morning, a leading senator. >> i will violate the pledge
CBS
Nov 22, 2012 6:00pm PST
in the bay area to py more. >>> tax time is still a few months away. but there are already changes coming that could force people in the bay area to pay more. cbs 5 political reporter grace lee takes a look at how changes in the tax laws will impact us all. >> reporter: hopefully no indigestion. the bay area is one of the most vulnerable regions to changing taxes and the reason for that is our cost of living is higher and that means prop 30 could affect a larger number of households here. the bigger problem is looming in the federal tax code and it could cost middle class families thousands of dollars. tax changes are adding up and it could cost you a lot. >> we got to make sure we do it right. >> reporter: governor brown's proposition 30 raised state income tax on those with a taxable income of $250,000 or more to pay for schools and universities. what you might not know is it's retroactive meaning if you fall in that bracket the bill is due this coming april. >> there's going to be a few people who will be surprised but there was really nothing that you could to plan for it. it was, yo
NBC
Nov 27, 2012 6:00am PST
of companies are handing out early christmas gifts in the form of dividends. why? because of the potential tax hikes ahead. right now a dividend is taxed at 15% max. that could double if certain tax laws expire at the end of the year. keep in mind, if we go over the fiscal cliff, taxes go up. but in order to avoid the fiscal cliff, it's likely washington would have to raise taxes anyway. so anyway dividends now are better than dividends later. >> interesting to see how this is all going to play out. thanks, scott. >> giving money for christmas is always easier than shopping and standing in line. thank you very much. >>> well, investigators right now trying to figure out exactly how shreds of sensitive documents ended up being tossed out as confetti during the recent macy's thanksgiving day parade. spectators in new york city last thursday noticed some of that confetti included social security and license plate numbers. that's not good. some even found notes about mitt romney's police motorcade when he visited new york last month. the debris didn't really bother santa too much but it appears to
NBC
Nov 28, 2012 11:00am PST
they rejected the soda tax in richmond, a berkeley city councilwoman wants her city to give it way. the counselwoman urged the city to consider putting added tax on swedened drinks sold in the city. she says the money raised from the tax can go to support youth education and health programs. voters in richmond overwhelmingly rejected measures and which would have placed a one cent tax on every soda sold. >>> okay. when we come back, barry bonds, the baseball giant back in headlines. >>> okay. let the debate begin. is he in or is he out? major league baseball announced that the all-time home run leader, also a bay area native, barry bonds is on the 2013 hall of fame ballot. and it stirred up a little bit of controversy. >> yeah, for a lot of years, fans have been arguing whether barry bonds, and sammy sosa actually belong on that hall of fame. it's well-known that former giants slugger along with sosa and clements, they've had their careers tainted by steroids or performance-enhancing drugs. so far, no one tied with the steroids era has received enough votes for the hall of fame. bu
CBS
Nov 28, 2012 5:00am PST
tax increases but they are insisting on larger budget cuts to benefit programs, which democrats oppose. if all sides can't agree on a spending plan before the year's end, automatic tax hikes and across-the-board budget cuts will all kick in. >> we must do everything we can during this short period of time to ensure that middle class families are not hit with $2,200 a year in tax increases. >> i hope cooler heads will prevail as we move through the process. we need to be working together. >> president obama is trying to generate public support for his idea. he will meet with corporate executives at the white house then travel to pennsylvania on friday to push for higher tax rates for the wealthy. >>> after meeting with her harshest critics, senate republicans say they are even more troubled over u.n. ambassador susan rice's initial response to the deadly terror attack in benghazi. in a closed meeting yesterday, rice met with several senators including arizona republican john mccain. rice has been criticized for linking the attack to a spontaneous protest when in fact it was later reveal
FOX
Nov 27, 2012 7:00am PST
this -- at the end of this year. the president wants to extend tax cuts for middle-income americans while letting them expire for those people who earn more than $250,000 a year. coming up at 7:45, whether republicans and democrats are any closer to a deal. >>> wellge the nation's lowest housing -- well, the nation's lowest housing rate is in the south bay. only 3% are vacant. that translates to just 28,000 empty properties out of almost 651,000. nationwide apartment rents are expected to go up again next year. the national association of realtors rents will go up 4.6% because demand exceed supply. in 2014/2015, rents will probably go up more than 4%. nationwide they went up 4.1% this year. but here in the bay area, they are up more than 13%. >>> it is 7:5. a crane had to be us -- it's 7:35. a crane had to be used for a sink holt. these pictures are from a -- sinkhole. these pictures are from a neighborhood blog. it's not clear what caused the sinkhole or when it might be fixed. >>> let's go back to tara. what's happening on highway 101? >> well, you know? we got a lot of traffic out there. a lot
KRON
Nov 26, 2012 5:00pm PST
more is known about whether and not government leaders will be able to avert the fiscal cliff. >> taxes go up for everyone, less money to spend and you don't buy anything. >> one of the benefits of shopping on line is that you can do it from just about anywhere. with most people back to work on sun insider monday we're asking on facebook if you made any purchases from your job? if you have not done any cyber monday shopping yet it is still out there still time to snag a deal. >> the stakes are high and we need to address this in a serious way. >> this is the thumb and louise crowd. the ones who dream of higher taxes and bigger government. >> is only the house would consider freezing tax rates for 90 percent of the moment american families >> people want to know if washington is any closer to avoid the dreaded fiscal cliff. we'll have the latest on progress after the break. >> 36 days and counting until the fiscal cliff and washington lawmakers are heading back to work after thanksgiving break. there are hints of compromise in the air. most americans understand the fiscal cliff is scary
FOX
Nov 28, 2012 6:00am PST
-class americans and with corporate ceos. he is pushing his ideas for a corporate cliff to renew middle- class tax cuts before they expire at the end of the year. coming up, how the white house is also using social media to rally public support for its position. >>> well 400,000 are watching it happen in washington and that's because of emergency federal unemployment benefits due to expire december 29th unless congress is due to expire. they are noticing the possible loss of benefits which are going into the mail this week. >>> 6:09 is the traffic and certainly could be an issue as we get some rain, let's check in with tara who is in for sal. >> people need to take it slow with the rain coming in. we have a map showing an accident on grant line road and this is sort of a slow stretch anyway so of course it is not helping the situation. up next we are looking at the bay bridge toll plaza and the metering lights are on so give yourself some extra time and that bong is extending back to the maze on the east shore freeway. you can see in the pittsburgh area, those headlights are westbound as you drive
ABC
Nov 25, 2012 5:00pm PST
today about the prospects of reach ago deal to avoid the sear of tax increases and spending cuts. democrats and the president wants to raise tax rates for the wealthy, republicans don't. there are more now breaking with grover nord qwest had gotten a majority of republican lawmakers to not support any effort to raise taxes. this morning, senator lindsey graham said that for the good of the country he is ready to violate the antitax pledge. >> i think grover is wrong when you can't cap deductions and buy down debt. i want to buy down debt and create jobs but i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> it's not clear when lawmakers and the president will meet next. >> fans of comediancast william are suing him after a performance in oklahoma. >> we now know what is behind a gas explosion in massachusetts. >> the items you'll most likely see the biggest discounts on cyber monday. >> leigh: ifit's a dry weekend. get ready for a stormy week ahead. we'll check in with the live doppler 7hd and look at my [ mal
FOX
Nov 28, 2012 4:30am PST
the fiscal cliff and if presented they will -- prevented they will talk about the need for taxes going up. in the afternoon, president barack obama will meet with ceos with more than a dozen major u.s. companies including home depot and comcast. >>> for only the 7th time in history, the president's swearing in date falls on a sunday and following tradition, president barack obama will privately take the oath of office on sunday january 20th and then the public inoculation will be -- inauguration will be sunday. >>> he frequently visits the plaza and unusual charges started showing up on her husband's credit card several months ago. >> there was $700 at washington state. 2600 at mcdonald in nevada and $1.50 at embassy sweet and some -- suite and someplace i never heard of. >> the pub owner said he is spending $10,000 to upgrade his computer system and most of the banks had charges that were not theirs as well. >>> and a shooter targeted a house filled with people including children. we will have more from gilroy. >>> she was sexually abused in the $1,990. a science teacher she said abused
FOX
Nov 27, 2012 6:00am PST
in november and they are -- factory in november and the president wants to extend tax cuts for middle-class americans while letting them run out for people who earn more than 250,000 a year. coming up, we will find out if they are any closer to a deal. >>> he is waiting to see an update from treasure island. >> that's right, they are escorting residents, those people have been waiting for hours to get on and off for work. it is closed and they are using northbound lanes going to and from the island just sort of alternating two directions of travel so they can get there tomorrow. we will show you areas and you can see westbound traffic, and it is sluggish as you head inland. and i should say towards the oakland area and then up here in concord and pittsburgh on highway 4. on the east shore you can see there are lots more folks on the left-hand side of your screen as folks make their way towards the bay bridge, and no delays to speak of. parking lot again, make sure you give yourself some extra time, here is steve. >>> cloudy skies, some fog, not as bad as yesterday, but there are still
KRON
Nov 26, 2012 6:00am PST
that consumers might curtail their shopping or the holiday season. this new report says that if taxes go up at the end of the year for middle and condemincome tax. it would reduce consumer spending by nearly 2 $1 billion next year. >> a new national poll suggests that americans understand that the physical cliff is no joking matter. two-thirds of people questioned and a c n f o r c poll says that the u.s. would face a crisis or major problems of the country when off the fiscal clifford the end of the year. >> beauty giant l oreal is buying the edgy privately owned make the brent urban decay. the deal, estimated to be about $300 million, will millionl oreal another entry into the fast-growing area of special is brest, which is says represents 44% area of special is brest, which is saylook at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for
KRON
Nov 28, 2012 6:00am PST
congress to protect tax cut for families are into a and $50,000 or less. if the president will later meet with corporate executives. the white cells, the democrats and republicans have yet to agree on how to avert an economy crushing series of automatic tax increases and spending cuts due to take effect in january. >> former giants slugger and baseball's home run king barry bonds is set to appear on baseball's hall of fame ballot for the first time. the ballot will be released later today. also expected on the list is outfielder sammy sosa and former see why young winner roger clemens. bonds was convicted of a felony count of what structure of justice for his role in hindering an investigation and steroids and professional sports. >> we have a shot with our live jackie sizzle where it is rain and it is heading south. we will have more on the movement of the rain in a few minutes. when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! partner. jonathan will banks. who was in court last partner. jonathan will banks. who was in court last
CBS
Nov 28, 2012 6:00am PST
" at the end of the year. some republicans have said they are willing to consider some tax increase but they are insisting on larger budget cuts to benefit programs which of course the democrats oppose. if all sides can't agree on a spending plan before year's end the automatic tax hikes and across-the-board budget cuts kick in. >> we must do everything we can to ensure that middle class families are not hit with $2,200 a year in tax increases. >> i hope cooler heads will prevail as we move through the process. we need to be working together. >> president obama is trying to generate public support for his ideas. he is going to meet with corporate executives today at the white house, then travel to pennsylvania friday to push for highers taxes for the wealthy. >>> susan rice on capitol hill today again to meet with lawmakers. the u.n. ambassador is trying to explain comments she made shortly after attacks on the u.s. consulate in benghazi, libya. yesterday she met with three of her strongest senate critics including arizona republican john mccain. rice first said the attack had grown
KBCW
Nov 25, 2012 8:30am PST
in all of the states in the union to raise taxes on the rich. he did that in california. believe me, i am sure that if anybody had an idea it is retroactive. it goes back to january 1st, 2012. a whole lot of people in the state of california owe a whole lot of money they didn't know they owed people. jerry brown is magnificant in the way of reaching manager to move the pea under the pod! >> the pea under the pod? [ laughing ] at the same time the california has massive spending on the cap and trade program. if things don't pan out and he holds himself up responsible for incredible things happening in the state, he will be out there if these things don't work out. >> not just cap and trade, but -- . >> he could be held up for -- . >> he is going to succeed. my cousin is going to succeed. >> my cousin! brown and brown! >> speaking of hi favorite, sutter brown, the corky, the dog, he is so darned cute. they parade that had dog and to get people to vote for prop 30 and it may have worked! >> you know, in politics as in news reporters, if you can get a dog and a kid on the cover, chan
NBC
Nov 28, 2012 5:00am PST
class families telling their stories. what would happen if they had to pay another 2200 dollars in taxes next year. president obama meeting with big business ceos. we're talking companies you'd recognize. republicans meeting with top ceos, pushing their side of things. now, republicans also criticizing the president for a trip that he hasn't even taken yet. friday, he hits the road to take this message to pennsylvania, to a toy manufacture there, talkinging about how do we avoid the fiscal cliff. spending cuts and tax increases that go into effect at the end of this year in congress does nothing right now, behind the scenes. the negotiations, not a lot to report. >> tracie pots, thank you very much. >>> checking on that rain. 5:43. the first of the storms rolling in. certainly packing a punch. we have a team in place watching the sky and roads for you. how's it looking there? >> good morning. so far, so good, for one of the most dangerous highways in the entire state of california. traffic is starting to pick up as we approach the 6:00 hour. traffic heading over the hill into san jose. n
ABC
Nov 27, 2012 5:00am PST
to avoid the fiscal cliff. automatic tax hike and spending cuts for all americans unless congress and the president can reach compromise. biggest obstacle of no tax increases of any kind signed by most republicans. grover norquist is behind that pledge and has convinced thousands of republicans to sign in exchange for helping them get reelected. with fiscal calamity on the horizon some gop lawmakers are changing their tune. >> i will violate the pledge, long story short, for the good of the country. >> president has made clear he will not sign a bill that extends the bush era tax cuts for those making more than $250,000. >> some republicans open to breaking the say they will did it by closing tax loopholes they say entitlement reform has to be part of the discussion. >>> general motors has its eye on california to lunch a new electric car model. -- to launch a new electric car model. >>> an all-electric version of the chevy spark next summer starting in california and oregon nor less than $25 thaw -- $25,000, after a tax credit. if you are looking for the new wii-u. nintendo scram
NBC
Nov 28, 2012 6:00am PST
putting a soda tax on the bal t ballot. she floated this idea during last night's city council meeting. voters, they defeated a similar soda tax earlier this month. >>> a bus driver being hailinged a hero after saving a girl from a burning bus. carrying the wheel-bound chair girl off the bus when the engine compartment caught fire. >>> president obama meeting with yahoo! ceo and other leaders today to discuss the looming fiscal cliff. they are still trying to hammer out some kind of compromise. to avoid tax increases that would kick in starting january 1. >>> yeah, meyers has been quiet since taking the reins at yahoo! back in july. >> she has been very busy. she just had a baby as well. we finally get to see meyers back in public. >> "fortune" magazine awarded her as one of the most powerful women in business. she did address her baby, saying being a new mom is actually easier than she expected and her job at yahoo! more fun than she expected. her secret, she says, is prioritizing. she referred to vince lombardi's three priority, god, family and the packers. >> you know, i think for m
FOX
Nov 25, 2012 6:00pm PST
senator lindsey graham says he may break his pledge to anti-tax lobbyist grove norquist. >> i'm willing to generate revenue. we're below historic advantages. i will not raise tax rates. i will cap deductions and long story short for the good of the country only if democrats will do entitlement reform. >> all the president that i have served with including reagan, clinton and the first george bush moved away from the position of no additional tax. >> they all added revenues to deficit reduction. >> without a bipartisan plan the bush-era tax cuts are expected to retire jarn 1st and spending cuts may kick in as well. they anticipate a second face- to-face meeting with president obama as soon as this week. >>> also in washington republican senator john mccain backed off from fiery criticism of un un ambassador susan rice about the attack in libya. >> i think she deserved the ability to explain herself and her position as she said, but she is not the problem. the prose problem is that the president of the united states, who in a debate with mitt romney said that he had said it was a terr
ABC
Nov 26, 2012 4:00pm PST
that republicans may be willing to deal on the most controversial issue. tax autos i'm willing to generate revenue. >> for many, doing just that would mean breaking a pledge to not raise taxes and taking political risks that come with it. >> world changed. >> the no neweh9hn taxes pledges the brain child of grover norquist. >> the pledge allows elected officials to make it clear openly to the voters where they stand. >> here in washington he carries weight as evidenced by lawmaker xgh signed the pledge over the years. norquist told abc news this isn't about him and lawmaker autos don't tell me bit. they need tochl plain to voters.twrht >> there is still a catch. >> i will violate the pledge for the good of the country only if democrats will do reform. >> the white house indicated everything is part of the discussion. >> abc news, washington. >> stocks gave back a little of last weeks gain was traders concerned with about the fiscal cliff. dow jones gave back 42 points to finish at 12,967. the s and p 500 off nearly three. >> jipgss planned a real yeel against a recent power grab by president mors
CBS
Nov 27, 2012 5:00am PST
, she said at tax stemmed from a protest against an anti-islam video. rice is considered a possible nominee to replace the outgoing hillary clinton as the secretary of state. >>> meanwhile, lawmakers on capitol hill are jockeying for position right now in efforts to fix the federal budget and avoid the dreaded "fiscal cliff." if they don't reach a deal by the end of the year, tax hikes and across the board budget cuts will automatically kick in. susan mcginnis has more on today's efforts to get democrats and republicans a little closer together. >>> reporter: president obama will begin a media blitz this week highlighting his efforts to steer clear of the "fiscal cliff." he will first meet with small business owners at the white house today. at the other end of pennsylvania avenue, fellow democrat senator dick durbin will give what's being called a major speech laying out a case for a bipartisan deal. durbin's a member of the senate's gang of 8, four democrats and four republicans who have collaborated on ways to reduce the nation's debt for 2 1
KRON
Nov 25, 2012 8:00am PST
. and dealing with the loving fiscal cliff looming -- they will have to deal with this to avoid tax increases and spending cuts at the net jones has the latest on the negotiations. >> after meeting with president of,. >> let me welcome the congressional leadership. >> expressed optimism to avoid $500 billion on tax increases and spending cuts next year. >> we have a very constructive meeting with the president to talk about the americans financial problems. >> we have a cornerstone to fig. >> the have working behind this seemed to work together to bring in tax revenue and reduce spending on medicare but it is not yet clear what lawmakers will meet next. even if some progress is made a final deal could be a long way away. >> we rarely see the hill and the white house make decisions early they do better when they have a deadline so i would be pleasantly surprised to see a deal emerge earlier. by the end of the year, so we will see. >> tax hikes and steep spending cuts will take place next year. >> 8:41 first, this live look outside at san francisco still very foggy. there are some bridge adviso
KRON
Nov 28, 2012 4:00am PST
by the day tax increases and deep spending cuts take effect in five weeks. if lawmakers cannot reach a deal. with little progress being made in washington president obama is hitting the road. at paine has the story. >> the mood was optimistic earlier this month when president obama met with congressional leaders to work out an agreement to avoid this cliff. now the president is taking his case mr. obama met with small-business owners tuesday. today he hosted an event with middle-class americans and sits down with some of the nation's top ceos. friday he travels to a manufacturing plant in pennsylvania senate minority leader mitch mcconnell question the president. >> president saddam the law makers and working out with the agreement is back on the cam best-president obama >> the president got input outside the beltway. he wants to continue the conversation when business leaders, small business leaders, civic leaders, and labor leaders because everyone has a stake in this. >> lawmakers have just over a month to reach an agreement to keep the country from going over the so-called fiscal cliff.
FOX
Nov 25, 2012 7:00am PST
the congressional leadership here. >> reporter: congressional leaders expressed optimism to reaching more in tax increases and that is to take effect next year. >> constructive meeting with the president to talk about america's physical problem. >> we have the cornerstones of being able to work something out. >> reporter: they have been working behind the scenes to find common ground. the sticking points how to bring in more tax revenue and reduce spending on programs like medicare. but it is not yet clear when the lawmakers and the president will meet next. even if some progress is made this week. a final deal can be a long way off. >> we rarely see the hill and the white house make decisions early. they tend to do better when they have a deadline. i would be pleasantly surprised to see it, a deal emerge earlier than the end of the year. but we will see. >>> that was athena jones reporting. >> they suggest if a compromise is not reached. californians could be slapped with new taxes and the state could be thrown into a $11 billion deficit. >> house of representatives could sleet next week. it wo
ABC
Nov 28, 2012 5:00am PST
the money and run. whatever happens with the fiscal cliff taxes on the very >>> good morning. winds gusting in excess of 30 miles an hour at our coast, wind advisory throughout the entire bay area -- [ inaudible ] wind warning at our coast we could see winds there in excess of 60 miles an hour through 11:00 this morning. >>> we'll continue to keep an eye on those winds. residents on the peninsula will be keeping an eye on a slipping hill slide where a mudslide happened earlier this month. a water main break caused this mess along several streets in daly city november 13th crews have been going around the clock to shore up parts of that hill to keep debris from flowing into the neighborhood daly city has spent almost half a million dollars to repair the damage. >>> in iraq residents of a baghdad neighborhood are cleaning up following a car bombing the blast killed five on a day when insurgents launched taxes against security forces and civilians in central and northern iraq yesterday, 30 were killed, dozens wounded. >>> in egypt several hundred protesters continue to clash with police in cai
CBS
Nov 26, 2012 6:00am PST
is the not reached by the end of the year, a series of tax increases and spending cuts will automatically kick in. lawmakers in both major parties say they're willing to compromise. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming brief and republicans should put revenue on the table. >> the big questions are weather republicans are open to some forms of tax increases and whether democrats will consider cuts o to entitlement programs. >> a san francisco couple challenge of the defensive marriage act may be one of several the u.s. supreme court considers this week. the justices will decide whether to hear an appeal from the defenders of the prop 8, the initiative banning gay marriage. they're expected to meet this week to decide which cases it will hear next we're. >>> time for health watch this morning, it's 6:19, it appears childhood injuries related to inflatable bouncers are on the ride. that's according to a study published in the journal of pediatrics. bouncers and moon walks are popular at parties but it can put children at risk for
NBC
Nov 27, 2012 5:00am PST
over the effort to discuss efforts to avoid the fiscal cliff. that's the combination of tax hikes and spending cuts set to take effect january 1st. the "washington post" reports that boehner plans to have some house republicans meet wither skin bowles. on wednesday president obama will meet with other top ceos. futures meantime are flat this morning, stocks slipping back on monday. the s&p 500 index snapping a five-day winning streak. investors continue to watch those budget talks in washington. meantime, we are expecting today to get some data on demand for durable goods, home prices and consumer confidence. the dow slipping back below 13k losing 42 points to 12,967. the nasdaq edging up nearly 10 to 2976. and i would do a campaign not to vote for marissa mayer for "time" person of the year. remember when we had the head of amazon on the cover of "time" back in 2000. i think there's a little jinx in that. a little like the si jinx. so don't vote for her. >> fair enough. no on mayer, that's our position. bertha koomcoombs, thank you mu >>> remember we were talking about that new n
KRON
Nov 26, 2012 7:00am PST
year. this morning the economic council and the economic council advisor a say the increase in taxes and the fiscal cliff we're talking not add the in the year. if that happens and we go over the cliff consumer drop spending could drop by nearly $200 million next year. this is why investors are a little apprehensive. >> people do believe in the class and they understand that it is no joking matter. --cliff the poll indicates 17 in 10 americans are calling for a compromise on the issues. they are pessimistic about anything actually happening. one out of four people say tax increases and spending cuts will it cause a crisis. >> the giant l'oreal is buying the edgy private cosmetic company urban decay. it will give l'oreal another entry into the specials as brands. urban decay makeup is sold through specialty retail stores like so fora for online shops. this deal will give l'oreal extended reach. we will take a break in here as aid look at our toll plaza. the fog is a real problem as we're watching the news began to back up. we will talk to george st of the drive times are slowing down.
FOX
Nov 26, 2012 5:00am PST
will do entitlement reform. >> the key sticking point is what 0 do -- to do about taxes. they want to raise taxes and republicans don't want to. they are willing to cap certain deductions. >>> and perspective police officers, you can start applying for jobs at the san francisco police department this morning and they will start accepting applications for entry level police officers. eligible application cans have to be at least 20 years old, have a valid california driver's license and high school diploma or equivalent. it will end on friday december 7th and the starting pay for a san francisco police officer is 88,000 dollars a year. well for the san francisco 49ers there are quarterback questions all over again. it happened for the second straight game for the quarterback and coming up, what coach jim harbaugh is saying about who will be his starter in the future. >>> we have been talking about fog and i'm not sure if there is an incident in south san francisco. northbound at the 380 split, just north of fso, let's head out to our maps and a bicycle is laying on the shoulder and
KRON
Nov 27, 2012 5:00pm PST
at selling his remedy including allowing higher taxes on the wealthy. republicans are claiming that he should instead be sitting down to talk more with them. >> it seems like our president is having some sort of difficulty turning off the campaign. we need to sit down and work this matter out. >> there is little progress with the republicans which is disappointing to me. i they talked some happy talk about revenues but we only have a few weeks to get something done. >> of republicans have had their own meetings. the fiscal cliff is a series of tax increases and spending cuts that economists predict could send the u.s. into a recession. former senator bob dole of kansas has been hospitalized. not many details were replaceleased. his name was mentioned on the senate floor today. dole over came disabling work injuries to perform his 26 year political career. >> hector camacho camacho died saturday after being shot outside a bar. during his career the flamboyant boxer had a long string of world titles. services will be held in new york where he grew up and that is also where he will be buried. it
NBC
Nov 26, 2012 5:00am PST
. if a budget deal is not reached by the end of december, automatic tax increases and spending cuts will kick in. nbc bay area's danielle leigh is live on capitol hill this morning and joins us with the very latest. good morning, danielle. >> reporter: good morning. lawmakers will be resuming those negotiations today, still facing many of the same sticking points that have held up talks so far. the two big ones being on one hand tax increases, which republicans have resisted, and on the other, cuts to programs like social security and medicare, which democrats have resisted. but the good news is that after this thanksgiving weekend, we are seeing and hearing signs of a compromise. >> i am willing to generate revenue. it's fair to ask my party to put revenue on the table. >> from my side of the table, bring entitlement reform into the conversations. >> reporter: now, both lawmakers on either side, republicans, democrats, they are confident that they will get a deal before the deal is out. some say even before christmas. if a deal is not reached, we are looking at more than half a trillion dollars
NBC
Nov 26, 2012 6:00am PST
for tax purpose bus i think we'll sit quiet as we wait to see what happens on the fiscal cliff. >>> happening now, protesters are filling the streets of cairo and camping out in tahrir square today as political unrest grows and we are giving you a live look at the scene right now in cairo. the protests are in response to president muhammed morsi's massive expansion of his powers. among his new powers, immunity from the nation's courts. morsi said the new powers are needed to hurry up the transition process from decades of rule by former dictator hawes kn -- hosni mubarak. >>> 6:57. we've been talking about the fog all morning long. we want to check the forecast with meteorologist christina loren. >> now we're getting to the worst point when it comes to that fog formation between 7:00 and 9:00. after 9:00 it should start to burn off and we are expecting quite a beautiful finish to the day. this is a live look at the sunol grade and you can see that fog has settled in but we've got a beautiful clear sky above. it's just going to take a little time for the sun to break through tho
KRON
Nov 23, 2012 5:00pm PST
merchants like amazon had key advantages california with no sales tax. however, brick and mortar, with the rising popularity of chains and ebooks michael tucker owns this line of book stores in san francisco. >> you can save 10%. >> however, that tax advantage it. at command amazon. also, taxing of this year in other states like pennsylvania, texas. online retailers collect where they have the physical presence half. here, and california, and the sun is building to giant warehouses. amazon that-it is 1 million square feet in your los angeles but the old fashioned retailers it is another reason to worry. >> because there items is to get items to their customers faster with even same day delivery. you can even avoid stores and have a package delivered to your house and a matter of hours. >> this is a win for consumers to difficult for retailers. >> when they create distribution centers, it is taking back that small business owners. >> that means that retailers will up their game. >> they can take a lesson from amazon. and focus on the consumer experience with more sophisticated onl
FOX
Nov 21, 2012 7:00am PST
administration and congress to reach a deal on how to avoid tax increases and spending cuts in that so-called fiscal cliff. bernanke says without a new deal, the fiscal cliff could trigger a recession next year. the congress has to act by january 1st m order to avoid the -- in order to avoid the automatic tax hikes and spending cuts. >>> san francisco's board of supervisors has approved an ordinance they say will better track the bedbug problem. thesupporters of the ordinance say this will help chart direction of the bedbugs in the city. the san francisco health department received 370 complaints about bedbugs in 2010. >>> uc berkely out of thousands of dollars of computer equipment this morning after the latest burglary on campus. police say someone broke into a locked video lab in northgate hall sunday night and the suspect stole ten apple computers worth $23,000. >>> for two very special turkeys, this day before thanksgiving is a big day in washington, d.c. i understand stood everywhere those turkeys said. >> and there is a new twist to the white house turkey pardon for this year. >
FOX
Nov 28, 2012 7:00am PST
and republics are deadlocked on a range of issue including the president's plan to raise taxes. republicans say the proud should quit campaigning. >> he's back on the campaign trail, presumably doing what we're all familiar with. >> so to suggestion that we should -- now that the election is over stop talking to them about these vital issues, i think is bad add -- bad advice. >> reporter: reporting live from washington, d.c. alison burns, ktvu channel 2 news. >>> 400,000 unemployed californians are closely watching the fiscal cliff. that's because benefits are due to expire december 29th unless congress extends them. >>> well, texas city leaders are asking for advanced warning in the event same-sex becomes formally legalized. this coming friday, the u.s. court will decide whether to review the challenge to prop 8. california's voter apressured ban on gay marriage. now, if the high court refusing to -- refuses to hear the case, the earlier ruling would make same-sex marriage legal in california. if that happens, they would need at least 24 hours to prepare for a flood of marriage license request
KRON
Nov 24, 2012 7:00am PST
are investigating and then buys business owners taxed anyone claiming to be a utility represents a form id badge and check their car for an official logo. >> san francisco's public utilities commission is urging residents to recycle their used cooking oil this holiday season. san francisco and treasure island restaurantresidence can p off used cooking all the nine sides that are open year round. >> for those seeking a festival of alternative to the shopping frenzy as special holiday fair is open this weekend. the great dickens christmas fair and victorian holiday party is happening now at the cow palace. the fair is open each saturday and sunday until december 23rd. the entry fee for adults is $25, seniors over 62 will pay only $21 and children 5 to 12 years of age pays only $12. parking is $10. >> coming up on kron 4 news weekend. we will remember larry hagman. the dallas star passed away friday but leaves behind an iconic acting career. >> this will set up to be a beautiful day and some parts of the bay area will see 70 degrees. it will be very nice. >> we are back. this is the bay bridge appr
ABC
Nov 27, 2012 6:00am PST
-qaeda affiliates. >>> lawmakers trying to avoid the fiscal cliff, automatic tax hike for all americans, unless congress and the president can compromise. biggest obstacle is a pledge of no tax increases of any kind signed by most republicans. grover norquist is behind the pledge and has convinced thousands of republicans to sign the pledge in exchange for helping them get reelected. some republicans open to breaking the pledge say they will do it by closing loopholes but say entitlement reform must be part of the discussion. >>> do you think you are paying -- >>> good morning. home prices continue to climb nationwide up 3% in september compared to a year ago. in the san francisco area it was 7 1/2% compared to a year ago. meantime, watch for your landlord to jack up rent. recents are up 4.1% this year, watch for rents to go up 4.6% next year and 4.7 the year after. zillow buying hot pads for 16 million dollars, has 19 employees will stay in san francisco, zillow says the move will help it increase the number of leads it sends to landlords. watching ebay today, shares slightly lower stock hit a
FOX
Nov 21, 2012 5:00am PST
to work out an agreement on the deal to avoid tax hikes and spending cuts. bernanke says without a deal, the fiscal cliff could trigger a recession next year. congress has to act by january 1st in order to avoid the automatic tax hikes and spending cuts. >>> secretary of state hillary clinton's efforts to help broke aerocease fire in the united states is fading -- breaker a cease fire in the united states is fading. >>> there are reports this hour that israelis are stepping up air strikes in gaza in retaliation for this bus explosion in tel aviv. israelis are calling it a terrorist attack that hurt at least 18 passengers anaphia bystanders. hamas praised the attack but did not claim responsibility. secretary of state hillary clinton who was in egypt just issued a statement saying the u.s. strongly condemns the attack and ready to provide assistance that israel requires. secretary clinton is calling for a cease fire but also trying to negotiate a longer term solution. >> the goal must be a durable outcome that promotes regional stability and advances the security and legitimate aspirati
NBC
Nov 28, 2012 7:00am PST
a single winner could walk away with a cash prize worth $327 million before taxes. >> there you go. good luck. >> i would take my entire family on a cruise around the world. >> a sports car for me. >> aston martin. >> i'll pinch myself. >> reporter: and it's not just the lucky winners who win big. $1 of every $2 powerball ticket goes to the state covering lottery overhead and supporting programs like education. the federal government also hits the jackpot, taking a quarter of the winner's earnings in taxes and, yes, there's more. states and cities can take an additional 5% to 12%. a new york city winner would pay the highest taxes, but lucky winners in eight states may no state taxes on winnings at all. until today the biggest powerball on record was $365 million won by eight nebraska meat packers in 2006. >> we process hams and corn beef? they went from corn beef to caviar overnight and so could you. but jeremy elson, a senior researcher from microsoft says it's okay to dream, but don't quit your day job just yet. >> mathematically it's not a good bet to buy a lottery ticket, even thoug
KRON
Nov 27, 2012 7:00am PST
to increase taxes on the wealthy while extending tax cuts for families earning $250,000 or less. today will meet with small-business owners tomorrow middle-class americans. >> watching wall street we have good news and a jump in home prices the highest level since 2008. also of rising consumer confidence. the fears of fiscal cliff have that consumers worry. the dow's at 12,933 >> the time is 8 to 05 a.m. and let's take a live look at the approach to the bay bridge. george lab the updates on the drive times and hot spots. erika will have details on when the rain will start when we continue. >> new video world news from to rear square in cairo. there have been clashes between police and protesters. there's a mass rally against the decree against muhammed more see granting themselves broad power. more seat stuck by his controversial decree and his meeting with judges that was aimed at diffusing the worst political crisis since his election in june >> yasser arafat's body has been exhumed to find out whether and not he it was poisoned. he died nearly a decade ago due to a sudden illness. t
KRON
Nov 28, 2012 7:00am PST
to press congress to protect tax cuts for families earning $250,000 or less. the president will meet later on with corporate executives to. the white house democrats and republicans have yet to agree on how to avert an economy crushing a series of automatic tax increases and spending cuts that are due to take effect in january. tracking gas prices against the bay area for you in the state average is $3.73 a gallon. bay area prices are averaging $3.82 a gallon san jose $3.67 and in oakland $3.71. i always like to take a mental note to know which gas stations to dry by if you're looking for cheaper gas. >> mega busts a company that offers city to city services for about a dollar is expanding to california. it will allow you go from oakland california san jose and san francisco to los angeles. also sacramento and the reno sparks area as well. they cam but " cal for a trip starting today but they do not actually start running until december 12th. the company will be offering trips where dollar transfer its first week of service. >> will be back with more of the team coverage of the storm in ju
CBS
Nov 22, 2012 7:00am PST
that demanded so much in taxes and spending cuts it died an instant washington death. that was then. today, the politics have changed. >> say yes to simpson/bowles, mr. president. i'm willing to say yes to simpson/bowles. >> reporter: today the broad outlines of bowles/simpson are the backbone of what's being discussed in the fiscal cliff negotiations. their plan was a mixture of the president's call for higher taxes, plus the republican call for tax reform and lower deductions. in medicare and social security bowles and simpson say the nation has no choice but to cut future benefits for those earning high incomes. we spoke to both men in washington. >> right now the president is under pressure not to touch social security and medicare. >> of course. so don't touch it. let's just let the damn thing rock along, grab your shorts you know get ready for the fun. >> let them go broke. >> let them go. >> if we don't touch them if we just take them off the table, you know what's going to happen? you know? we're not going to be able to spend money on whatever else it is you l
KRON
Nov 23, 2012 7:00am PST
. no sales tax. local bookstores are already under pressure under the rapid popularity of evokes. michael tucker owns eight don't chain of stores and seven cisco. if you can save 15% wouldn't you? >> they began taxing this year in other states like pennsylvania and texas. online retailers collect tax only for states where they have a physical presence. in california, amazon is building to giant warehouses. including this one near los angeles. it is a million square feet and the old fashion retailer's bid is another reason to worry. why? amazons goal is to get the items to customers faster and be able to offer same-day delivery. you can avoid stores if you want and have a package delivered to your house and a matter of hours. i went for consumers but tougher local retailers. >> @ amazon creates the distribution centers and facilities on their property this takes away one as we have left. this is a big deal. >> that means retailers need to up their game. >> retailers need to take a lesson but amazon and focus on the consumer experience. it will become more sophisticated both online and offl
FOX
Nov 21, 2012 6:00am PST
an agreement of tax increases and spending cuts in the so-called fiscal cliff. without a deal the fiscal cliff could trigger a recession next year and congress must act by january 1st in order to avoid that automatic tax increase and spending cuts. >>> time is 6:15. a new stumbling block for hillary clinton's chances to reach a middle east cease fire. a bus explosion in tel aviv. alison burns is live in our washington, d.c. newsroom. alison. >> reporter: dave, we received a statement from the white house within the past hour calling the attack on innocent civilians outrageous. israelis say it was a terrorist attack the bus bombing in tel aviv hurt at least 18 people. three seriously. hamas praised the attack but did not claim responsibility. secretary of state hillary clinton who is in egypt at this hour also issued a statement saying the u.s. strongly condemns the attack and ready to provide any assistance that israel requires. secretary clinton is is calling for a truth and longer term agreement. >> the goal must be a durable outcome that promotes regional -- >> reporter: prior to the bus b
KRON
Nov 20, 2012 5:00pm PST
the scandal. and if you're not paying enough federal taxes there is a new way to donate to the government to help the debt. not clear that and the people are taking up on this but some people are. palace iallison people are pitching in and helping their country to the tune of $8 million. they donated $7.7 million to help pay off the national debt is a good goodwill efforts but it will not make a huge difference. the government accumulated one trillion dollars of debt and the latest fiscal year. the 7.7 million is just a small fraction of but it is still worth noting. take a look. people were donating $3 million per year but this job is showing an issue of the fiscal cliff and their people are going attention. the government started accepting donations in 1961. when somebody anonymously left $20 million to the debt. and since then, they continue to donate. from the states, taxpayers and even children and the bureau of public that wants to receive a coins right c classroom. some say that it is crazy but if you are feeling charitable you are welcome to to donate. you can even place a extra c
KRON
Nov 27, 2012 4:00am PST
the road this week to urge americans to support tax increases were the wealthiest americans. he will tour manufacturing facilities and speaking in southeastern pennsylvania on friday. he will meet with small-business owners at the white house today. piddocks was supporthe fiscal cliff is a combination of scheduled tax increases and spending cuts that economist predict was in the u.s. economy into a recession. >> we will be right back as the kron for morning news continues. off to developing stores are all falling. one is a police standoff on treasure island with a robbery suspect. also a possible officer involved should out in milpitas. a live look at the bay bridge toll plaza light traffic for now. welcome back. new consumer credit data shows that more americans are falling behind on their auto payments. particularly between july and september. back-to- school needs and other needs are putting a strain on consumers' wallets. of dropping seven approving in the overall auto world. there is a new hope of making the rounds on facebook is the status of dates that are judged users to copy and
ABC
Nov 26, 2012 6:00am PST
on now traffic bagging past the west grand over -- backing past the west grand overcrossing, fact tax getting by nicely, suggestish upper deck, very foggy, fog -- advisory for all bay area bridges, bumper-to-bumper out of tracy towards altamont. out of antioch very slow towards pittsburg and concord typical for this time of morning. leaving santa rosa 101 southbound a grind to novato, 80 east shore freeway, there's 680 to the 580 corridor. our waze app is free you can see your commute through san pablo and el cerrito, very slow, fog is a factor all morning, take extra care download this app free. >>> the fog can make the commute difficult. amy hollyfield joins us live from the bay bridge toll where the conditions there now look pretty foggy. >> reporter: it is thick. take a look at what the cars are going through behind me. you can see their tail lights, pretty thick and tough to see, far in front of you the kind of fog if you close your eyes and spun around a couple of times and opened your eyes you wouldn't figure out which direction you were facing, you can see far here's video we
NBC
Nov 25, 2012 7:00am PST
-called fiscal cliff of tax hikes and big spending cuts slated to take effect at the start of the new year crippling the economy possibly. monday is known as cyber-monday by some consumers when holiday shoppers who didn't leave their thanksgiving dinner or brave the black friday crowds instead plan to do much of their holiday shopping online. now, a handful of economic reports this week may reflect the lingering impact of hurricane sandy. durable goods orders expected to rise last month but many factories in the east had to shut down and sales of new homes may have been hurt in the final week of the month. >>> automakers show off their new models this week. we'll see the new chevy spark. fiat's electric car and dozens of other vehicles. that's all at the los angeles auto show. i'm tyler mathisen. get your business news on cnbc. >> a reminder you can get business and tech news before the bell weekdays on "today in the bay" starting at 4:30 in the morning. much more ahead on "today in the bay." coming up, what you need to know before you buy toys this christmas. we'll show you which toys to
ABC
Nov 28, 2012 6:00am PST
americans believe should be done. the poll finds that 60% of americans believe taxes should be raised on the wealth this however, the poll also found support is largely based along it logical lines, 73% of democrats approve, 63% independents in favor [ unintelligible ] >>> the woman who could be the next secretary of state is feeling the heat on capitol hill. ambassador rice will be back today trying to appease republican leaders. rice met privately with senators mccain, graham and ayott yesterday they say she misled the public. in the days following rice placed blame on an anti-muslim video the administration said it knew the attack was the work of terrorists. >> concerns i have are greater today than they were before. we are not even close to getting the basic answers. >> the focus on some might say, obsession on, comments made on sunday shows, seems to me, and to many, to be misplaced. >> president obama has not yet announced who he will nominate for secretary of state. >>> 6:18 in the bay area time for a look at our weather forecast and heavier rain two hours from moving in, don't
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